MCW Energy Group, (TSX-V: MCW) a Canadian-registered holding company, has been recently reporting the progress of its extraction unit fabrication and assembly at Asphalt Ridge, Utah through a series of press releases noting the steps to completion as the Company gets closer to final assembly and the initial testing program for its 250 bbl/day (anticipated) test plant.
In October, the main concrete pad for the base of the extraction was completed, and the main extraction column was assembled and fixed into place. The main super-structure of the unit’s framework was completed, so the unit presently stands at a height of 4 storeys tall.
One of the most important components of the Company’s closed loop technology is the pre-mixing system which was designed by MCW’s engineering team and represents a segment of MCW’s patent pending extraction process. It features an agitator which mixes the oil sands ore with benign solvents in order to create a homogenized slurry prior to its entry into the extraction column. The moving parts of the agitator feature blades treated with a chemical-resistant coating, as well as a shaft and motor. This key component was fabricated by Hayward & Gordon of Ontario, Canada, a well-established manufacturer of pumps, mixers and strainers. This component has already passed their rigid quality control tests and is scheduled to be shipped to MCW’s site.
In terms of scheduling, MCW had originally planned to be well into the fabrication completion stages of its plant by the end of July, but in order to ensure optimum mixing of the oil sands ore, which may include a wide range of consistency variations, MCW added a specially-designed agitator system which is anticipated to speed up production and improve system efficiencies. This unit is nearing completion by a competent supplier in eastern Europe and the Company is anticipating this component to be completed during the last quarter of 2013.
MCW’s engineering team, now on site at Asphalt Ridge, Utah is preparing to assemble the components of the compactly-designed extraction unit, which includes the extraction column, rectification column and all of the heat exchangers, which have recently been moved to MCW’s lease site for technical verification and installation preparation.
Concrete pads for the extraction unit have been designed, approved and have been installed.(See above photos for completion.) A local Utah supplier is in the process of completing the fabrication of the unit’s feeding bins, pug mixer and pre-mixing tank. A conveyor system that delivers the oil sands ore has been supplied by another local company and all structural steel components have been designed, approved and ordered from Steel Breeze, Inc., another Utah-based company.
MCW’s electrical contractor, C & G Electric Co., is now in the process of installing the required underground electric systems which will service all of the unit’s electrical requirements, including site floodlighting. The physical layout design for all equipment towers, lines and tanks has also been completed. The assembly stage of the extraction unit to be performed by MCW’s experienced engineering team is expected to take several weeks prior to a rigorous testing program once all components of the unit are in place. Further details will be reported via MCW’s corporate website and/or press releases.
MCW Oil Sands Recovery, LLC is an oil sands extraction technology company which also owns a key oil sands lease property in the prolific Asphalt Ridge region of Utah. The Company’s strategy is to develop its own oil production inventory, which in turn will provide a steady access to its own, independent oil supply and subsequently, will result in greater flexibility in pricing controls.
[Formerly McWhirter Distributing Company]
For more than 72 years, MCW Fuels has been distributing oil and diesel products throughout western United States and has become one of the leading distributors in the petroleum products industry on the west coast. Established in 1938, MCW Fuels now markets over 150 million gallons of branded and unbranded fuels per year, with 2012 sales totalling $363,300,000, (up from sales of $241,500,000 in 2011 and sales of $188,700,000 in 2010.) Beginning with a single distributorship in Van Nuys, California, MCW Fuels has an aggressive acquisition program underway, purchasing Westco Petroleum Distributers Inc., and Ocean Pacific Fuels Inc. in June/July, 2012.
The average price in California during the month of October decreased 5.3 cents, continuing a two month trend in decreasing gas prices throughout the state. The average price for regular gasoline was $ 3.665. Mid-grade prices drifted downward to a state average of $ 3.770, while premium gasoline decreased to an average of $ 3.872 per gallon.
The national average for self-serve regular stands at $ 3.265, down 2.5 cents from the previous week. Retail diesel prices in Northern California averaged $ 4.047, down almost 5 cents a gallon from the previous week. Central California prices remained steady at $ 4.036, while Southern California averaged in at $ 4.07 a gallon down two cents from the previous week’s pricing levels.
SOURCE: ENERGY ALMANAC, CALIFORNIA STATE GOVERNMENT-TRANSPORTATION DIVISION.
The prestigious American Institute of Chemical Engineers recently bestowed an honor to MCW’s Chief Executive Officer, Dr. R. G. Bailey with their recognition of his dedication and contributions to the profession over the past fifty years as a Life Member. While he was a ChE student at the University of Houston, Mr. Bailey won the Student Paper Contest for the Southwest Region of Colleges and Universities in 1964. His paper was titled, “Chemical Engineering of Fuel Cells,” which was far ahead of its time, and he was recognized at the AIChE National Conference that year.
Mr. Bailey’s extensive experience in both petroleum and chemical engineering disciplines enhances MCW’s broad energy strategies as both an upstream and downstream entity. Dr. Bailey will continue to utilize his international energy experience to guide both of MCW’s divisions and to provide added value to MCW shareholders.